Are trusts still relevant? This makes it increasingly important for professionals who set up and administer trusts, trustees, as well as those who make use of trusts, to be aware of the legislation and case law and how to interpret and apply it.

Are trusts still relevant? This makes it increasingly important for professionals who set up and administer trusts, trustees, as well as those who make use of trusts, to be aware of the legislation and case law and how to interpret and apply it.

In this seminar we will address the latest practical issues relating to trusts and what professional advisers should do for their clients to ensure that a trust is regarded as valid and effective.

Course Content

Topics to be covered will include:

Are trusts still relevant? No future for trusts?

Sources of trust law and terminology

The legal nature of a trust: is a trust a person?

Statutes that define a trust as a person

Trustees act on behalf of trusts: standards of behaviour

Trust assets: When are they at risk? (a) no need to lift the veil (b) sham trusts (c) lifting the veil (d) universal partnerships

Trusts: loans, leases and other agreements and the use of trust assets

Why a trust?

Ordinary trust and a bewind summary

The amendment of trust deeds

The parties to a trust

Termination of a trust

Trusts records and auditors and accountants

Clauses in a trust deed: desirable and undesirable

Business trusts

Wills

Trusts: income tax and CGT and donations tax issues

Who should attend:

Professional advisers, financial planners, accountants and lawyers, trustees, beneficiaries of trusts, directors of companies and business people.

Presenter

Professor Walter Geach (CA (SA) BA LLB, M COM FCIS )

Walter Geach is a Chartered Accountant, is an admitted advocate of the High Court of South Africa and a Professor in the Department of Accounting at the University of Western Cape. He is a Fellow of the University of Kwazulu-Natal and of the Chartered Institute of Secretaries Southern Africa. Walter serves as a non-executive director of various companies including Grindrod Ltd, Grindrod Bank, QDOS (Pty) Ltd and The CareCross Group of companies in healthcare. He is further a member of the audit committee and risk committee of Grindrod Ltd and a member of the audit committee of Grindrod Bank. Walter is the author/co-author of over 14 books dealing with company law, trusts, financial planning and taxation, which are extensively used in practice by accountants, consultants, lawyers and financial planners.

Important:Please note that as from 2014 printed copies of notes is optional and will cost additional R50 per set and must be ordered. Electronic notes will be emailed to all registered delegates 2 days prior to the event. Should you require a printed copy on the day of the seminar kindly select the printed seminar notes when registering for the event.

Option 2 - Live Webinar Broadcast

This CPD event will be broadcast live on Wednesday 19 November 2014 from 09:00 - 13:00

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.